NEW YORK LIFE INVESTMENTS FUNDS TRUST

NEW YORK LIFE INVESTMENTS FUNDS TRUST
NYLI PineStone U.S. Equity Fund
(the “Fund”)
Supplement dated August 12, 2025 (“Supplement”)
to the Prospectus and Summary Prospectus, each dated February 28, 2025, as supplemented
Capitalized terms and certain other terms used in this Supplement, unless otherwise defined in this Supplement, have the meanings assigned to them in the Prospectus and Summary Prospectus.
Effective immediately, the tables entitled “Fees and Expenses of the Fund” and “Example” in the Fund’s Prospectus and Summary Prospectus are deleted in their entirety and replaced with the following:
 
      Class P  
Shareholder Fees (fees paid directly from your investment)
         
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)
      None  
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of the original offering price or redemption proceeds)
      None  
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
         
Management Fees (as an annual percentage of the Fund’s average daily net assets)
      0.55 % 
Distribution and/or Service (12b-1) Fees
      None  
Other Expenses
      0.06 % 
Total Annual Fund Operating Expenses
      0.61 % 
 
      1 Year      3 Years      5 Years      10 Years  
Class P
    $ 62      $ 195      $ 340      $ 762  
PLEASE RETAIN THIS SUPPLEMENT FOR YOUR FUTURE REFERENCE.
REG‑00077‑08/25